2017 Q4 Form 10-K Financial Statement

#000156459018002219 Filed on February 15, 2018

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2017 Q2
Revenue $180.3M $179.8M $177.7M
YoY Change 8.07% 4.93% 3.13%
Cost Of Revenue $68.40M $68.30M $63.50M
YoY Change 8.4% 6.72% 5.83%
Gross Profit $111.8M $111.5M $114.2M
YoY Change 7.81% 3.91% 1.69%
Gross Profit Margin 62.02% 62.02% 64.26%
Selling, General & Admin $17.00M $14.50M $16.60M
YoY Change 19.72% 9.85% 37.19%
% of Gross Profit 15.21% 13.0% 14.54%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $67.90M $66.50M $68.60M
YoY Change 11.31% 0.15% 1.93%
% of Gross Profit 60.73% 59.64% 60.07%
Operating Expenses $84.90M $149.5M $85.10M
YoY Change 13.05% 3.89% -39.18%
Operating Profit $26.90M $30.25M $29.10M
YoY Change -5.94% 10.39% -10.12%
Interest Expense -$33.80M $32.91M $32.00M
YoY Change 11.18% -10.61% -12.58%
% of Operating Profit -125.65% 108.82% 109.96%
Other Income/Expense, Net $1.600M $800.0K $1.000M
YoY Change 700.0% 14.29% -242.86%
Pretax Income -$6.300M -$26.41M $139.2M
YoY Change 3050.0% -663.54% 2037.59%
Income Tax $900.0K -$1.010M $1.000M
% Of Pretax Income 0.72%
Net Earnings -$6.793M -$10.21M $103.0M
YoY Change 4.68% 7248.2% 3131.37%
Net Earnings / Revenue -3.77% -5.68% 57.97%
Basic Earnings Per Share -$0.03 -$0.04 $0.44
Diluted Earnings Per Share -$0.03 -$0.04 $0.44
COMMON SHARES
Basic Shares Outstanding 239.4M
Diluted Shares Outstanding 239.4M

Balance Sheet

Concept 2017 Q4 2017 Q3 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $248.4M $185.0M $254.8M
YoY Change 34.02% 122.09% 3.59%
Cash & Equivalents $219.4M $185.0M $254.8M
Short-Term Investments $29.04M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $17.10M $13.80M $12.00M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $236.5M $198.8M $266.8M
YoY Change 32.64% 108.17% 13.34%
LONG-TERM ASSETS
Property, Plant & Equipment $7.842B $7.863B $7.397B
YoY Change 4.12% 6.69% 0.13%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $116.9M $117.8M $144.5M
YoY Change 4.38% 8.17% 34.17%
Other Assets $350.5M $330.4M $319.5M
YoY Change -42.63% 25.87% 38.31%
Total Long-Term Assets $8.681B $8.725B $8.251B
YoY Change -0.09% 5.83% 0.95%
TOTAL ASSETS
Total Short-Term Assets $236.5M $198.8M $266.8M
Total Long-Term Assets $8.681B $8.725B $8.251B
Total Assets $8.918B $8.924B $8.518B
YoY Change 0.57% 7.0% 1.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $117.6M $97.70M $83.30M
YoY Change 13.19% 13.74% -43.33%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $142.8M $122.9M $108.5M
YoY Change 10.61% 10.62% -36.99%
LONG-TERM LIABILITIES
Long-Term Debt $3.569B $3.566B $3.336B
YoY Change -1.48% 15.27% 9.04%
Other Long-Term Liabilities $184.1M $192.6M $185.6M
YoY Change -19.43% -29.32% -38.79%
Total Long-Term Liabilities $3.753B $3.759B $3.522B
YoY Change -2.54% 11.66% 4.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $142.8M $122.9M $108.5M
Total Long-Term Liabilities $3.753B $3.759B $3.522B
Total Liabilities $4.741B $3.882B $4.332B
YoY Change 19.08% -14.57% 22.53%
SHAREHOLDERS EQUITY
Retained Earnings -$104.1M
YoY Change
Common Stock $4.289B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.177B $4.186B $4.186B
YoY Change
Total Liabilities & Shareholders Equity $8.918B $8.924B $8.518B
YoY Change 0.57% 7.0% 1.3%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2017 Q2
OPERATING ACTIVITIES
Net Income -$6.793M -$10.21M $103.0M
YoY Change 4.68% 7248.2% 3131.37%
Depreciation, Depletion And Amortization $67.90M $66.50M $68.60M
YoY Change 11.31% 0.15% 1.93%
Cash From Operating Activities $88.00M $23.10M $61.30M
YoY Change 17.49% -137.32% 22.6%
INVESTING ACTIVITIES
Capital Expenditures -$27.20M -$187.3M -$18.00M
YoY Change -94.99% 457.44% -55.67%
Acquisitions
YoY Change
Other Investing Activities $1.100M $17.00M $573.7M
YoY Change -97.93% -132.57% 4279.39%
Cash From Investing Activities -$26.10M -$170.3M $555.6M
YoY Change -94.67% 98.48% -2120.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -28.90M 67.40M -474.9M
YoY Change -105.84% 936.92% -2138.2%
NET CHANGE
Cash From Operating Activities 88.00M 23.10M 61.30M
Cash From Investing Activities -26.10M -170.3M 555.6M
Cash From Financing Activities -28.90M 67.40M -474.9M
Net Change In Cash 33.00M -79.80M 142.0M
YoY Change -58.54% -43.48% 210.04%
FREE CASH FLOW
Cash From Operating Activities $88.00M $23.10M $61.30M
Capital Expenditures -$27.20M -$187.3M -$18.00M
Free Cash Flow $115.2M $210.4M $79.30M
YoY Change -81.36% -843.46% -12.47%

Facts In Submission

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CY2015 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
8553000
CY2017 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
27261000
CY2016 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
2353000
CY2015 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
7072000
CY2017 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
28791000
CY2017 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
20000000
CY2017 pgre Proceeds From Unconsolidated Real Estate Funds Capital Distributions
ProceedsFromUnconsolidatedRealEstateFundsCapitalDistributions
14584000
CY2017 pgre Payments For Contributions To Unconsolidated Real Estate Funds
PaymentsForContributionsToUnconsolidatedRealEstateFunds
790000
CY2016 pgre Payments For Contributions To Unconsolidated Real Estate Funds
PaymentsForContributionsToUnconsolidatedRealEstateFunds
1780000
CY2017 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
295731000
CY2016 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-652658000
CY2015 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-109340000
CY2017 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1044821000
CY2016 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
689269000
CY2015 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
927633000
CY2017 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
991556000
CY2016 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1362414000
CY2015 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1013544000
CY2017 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
290000000
CY2016 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
130000000
CY2017 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
60000000
CY2016 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
340000000
CY2015 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
20000000
CY2017 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
119251000
CY2016 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
3636000
CY2015 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
56636000
CY2017 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
100777000
CY2016 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
7651000
CY2015 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
167929000
CY2017 us-gaap Payments Of Dividends
PaymentsOfDividends
89276000
CY2016 us-gaap Payments Of Dividends
PaymentsOfDividends
82105000
CY2017 us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
11504000
CY2016 us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
18412000
CY2015 us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
16735000
CY2017 us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
19425000
CY2016 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
29387000
CY2015 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
18871000
CY2017 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-146000
CY2016 us-gaap Repayments Of Debt
RepaymentsOfDebt
210000000
CY2016 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
4608000
CY2017 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
7344000
CY2016 us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
23654000
CY2015 us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
33741000
CY2017 pgre Proceeds From Refund Of Transfer Taxes Paid For Acquisition Of Noncontrolling Interest
ProceedsFromRefundOfTransferTaxesPaidForAcquisitionOfNoncontrollingInterest
9555000
CY2017 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
7877000
CY2015 pgre Assets Written Off
AssetsWrittenOff
1399000
CY2016 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2095000
CY2015 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2798000
CY2017 pgre Common Shares Issued Upon Redemption Of Common Units
CommonSharesIssuedUponRedemptionOfCommonUnits
172728000
CY2016 pgre Common Shares Issued Upon Redemption Of Common Units
CommonSharesIssuedUponRedemptionOfCommonUnits
312257000
CY2017 pgre Dividends And Distributions Declared But Not Paid
DividendsAndDistributionsDeclaredButNotPaid
25211000
CY2017 pgre Additions To Real Estate Included In Accounts Payable And Accrued Expenses
AdditionsToRealEstateIncludedInAccountsPayableAndAccruedExpenses
10413000
CY2016 pgre Additions To Real Estate Included In Accounts Payable And Accrued Expenses
AdditionsToRealEstateIncludedInAccountsPayableAndAccruedExpenses
12104000
CY2016 pgre Dividends And Distributions Declared But Not Paid
DividendsAndDistributionsDeclaredButNotPaid
25151000
CY2015 pgre Dividends And Distributions Declared But Not Paid
DividendsAndDistributionsDeclaredButNotPaid
25067000
CY2017 pgre Assets Written Off
AssetsWrittenOff
9684000
CY2016 pgre Assets Written Off
AssetsWrittenOff
11431000
CY2015 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
261464000
CY2017 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-427756000
CY2016 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
518994000
CY2015 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-182330000
CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
58086000
CY2016 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
14619000
CY2015 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-308620000
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
192339000
CY2015Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
185707000
CY2014Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
494327000
CY2016 pgre Decrease In Cash Due To Deconsolidation Of Real Estate Fund Investments
DecreaseInCashDueToDeconsolidationOfRealEstateFundInvestments
7987000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
250425000
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
143884000
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
438599000
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
41823000
CY2014Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
55728000
CY2017 us-gaap Interest Paid Net
InterestPaidNet
132361000
CY2016 us-gaap Interest Paid Net
InterestPaidNet
140111000
CY2015 us-gaap Interest Paid Net
InterestPaidNet
159186000
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
5048000
CY2015 pgre Additions To Real Estate Included In Accounts Payable And Accrued Expenses
AdditionsToRealEstateIncludedInAccountsPayableAndAccruedExpenses
32009000
CY2017 pgre Change In Fair Value Of Interest Rate Swaps
ChangeInFairValueOfInterestRateSwaps
-10618000
CY2016 pgre Change In Fair Value Of Interest Rate Swaps
ChangeInFairValueOfInterestRateSwaps
-8161000
CY2015 pgre Change In Fair Value Of Interest Rate Swaps
ChangeInFairValueOfInterestRateSwaps
9241000
CY2017 pgre Non Cash Transactions Consolidation Deconsolidation Of Real Estate And Real Estate Fund Investments
NonCashTransactionsConsolidationDeconsolidationOfRealEstateAndRealEstateFundInvestments
102512000
CY2016 pgre Non Cash Transactions Consolidation Deconsolidation Of Real Estate And Real Estate Fund Investments
NonCashTransactionsConsolidationDeconsolidationOfRealEstateAndRealEstateFundInvestments
-396697000
CY2017 us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
228000000
CY2016 pgre Transfer Of Real Estate Asset To Asset Held For Sale
TransferOfRealEstateAssetToAssetHeldForSale
346685000
CY2016 pgre Marketable Securities Transferred In Connection With The Defeasance Of Notes And Mortgages Payable
MarketableSecuritiesTransferredInConnectionWithTheDefeasanceOfNotesAndMortgagesPayable
214608000
CY2016 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
210000000
CY2017 us-gaap Nature Of Operations
NatureOfOperations
<div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-bottom:0pt;margin-top:0pt;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">1.</font></p></td> <td valign="top"> <p style="margin-bottom:0pt;margin-top:0pt;font-weight:bold;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Organization and Business</p></td></tr></table></div> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:3.33%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:3.33%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:3.33%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">As used in these consolidated financial statements, unless otherwise indicated, all references to &#8220;we,&#8221; &#8220;us,&#8221; &#8220;our,&#8221; the &#8220;Company,&#8221; and &#8220;Paramount&#8221; refer to Paramount Group, Inc., a Maryland corporation, and its consolidated subsidiaries, including Paramount Group Operating Partnership LP (the &#8220;Operating Partnership&#8221;), a Delaware limited partnership. We are a fully-integrated real estate investment trust (&#8220;REIT&#8221;) focused on owning, operating, managing, acquiring and redeveloping high-quality, Class A office properties in select central business district submarkets of New York City, Washington, D.C. and San Francisco.&nbsp;&nbsp;As of December 31, 2017, our portfolio consisted of 14 Class A office properties aggregating approximately 12.5 million square feet. We conduct our business through, and substantially all of our interests in properties and investments are held by, the Operating Partnership. We are the sole general partner of, and owned approximately 90.7% of, the Operating Partnership as of December 31, 2017.</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></div>
CY2016Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
22446000
CY2016 pgre Income Tax Reconciliation Straight Lining Of Rents And Amortization Of Above And Below Market Leases Net Adjustments
IncomeTaxReconciliationStraightLiningOfRentsAndAmortizationOfAboveAndBelowMarketLeasesNetAdjustments
51880000
CY2017 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:3.33%;"><font style="Background-color:#FFFFFF;">The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts in the consolidated financial statements and the notes thereto. Actual results could differ from these estimates.</font></p></div>
CY2017 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Reclassification </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p> <p style="margin-bottom:0pt;margin-top:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:3.33%;">Certain prior year balances have been reclassified to conform to current year presentation. </p></div>
CY2017Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
14
CY2017Q4 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
12500000
CY2017 us-gaap Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
0.907
CY2017 pgre Minimum Percentage Of Taxable Income Distributed To Shareholders
MinimumPercentageOfTaxableIncomeDistributedToShareholders
0.90
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2017 pgre Income Tax Reconciliation Change In Deferred Tax Assets
IncomeTaxReconciliationChangeInDeferredTaxAssets
405000
CY2017 pgre Income Tax Reconciliation Straight Lining Of Rents And Amortization Of Above And Below Market Leases Net Adjustments
IncomeTaxReconciliationStraightLiningOfRentsAndAmortizationOfAboveAndBelowMarketLeasesNetAdjustments
44083000
CY2015 pgre Income Tax Reconciliation Straight Lining Of Rents And Amortization Of Above And Below Market Leases Net Adjustments
IncomeTaxReconciliationStraightLiningOfRentsAndAmortizationOfAboveAndBelowMarketLeasesNetAdjustments
36131000
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense Depreciation And Amortization
IncomeTaxReconciliationNondeductibleExpenseDepreciationAndAmortization
96991000
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense Depreciation And Amortization
IncomeTaxReconciliationNondeductibleExpenseDepreciationAndAmortization
95489000
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense Depreciation And Amortization
IncomeTaxReconciliationNondeductibleExpenseDepreciationAndAmortization
104399000
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
14441000
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
9673000
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
5794000
CY2017 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
95182000
CY2017 pgre Effective Income Tax Rate Reconciliation Swaps Breakage Cost
EffectiveIncomeTaxRateReconciliationSwapsBreakageCost
1487000
CY2016 pgre Effective Income Tax Rate Reconciliation Swaps Breakage Cost
EffectiveIncomeTaxRateReconciliationSwapsBreakageCost
25367000
CY2015 pgre Effective Income Tax Rate Reconciliation Swaps Breakage Cost
EffectiveIncomeTaxRateReconciliationSwapsBreakageCost
27147000
CY2017 pgre Income Tax Reconciliation Unrealized Gains On Interest Rate Swaps
IncomeTaxReconciliationUnrealizedGainsOnInterestRateSwaps
860000
CY2016 pgre Income Tax Reconciliation Unrealized Gains On Interest Rate Swaps
IncomeTaxReconciliationUnrealizedGainsOnInterestRateSwaps
4651000
CY2015 pgre Income Tax Reconciliation Unrealized Gains On Interest Rate Swaps
IncomeTaxReconciliationUnrealizedGainsOnInterestRateSwaps
29586000
CY2017 pgre Income Tax Reconciliation Valuation Allowance On Preferred Equity Investment
IncomeTaxReconciliationValuationAllowanceOnPreferredEquityInvestment
4327000
CY2017 us-gaap Income Tax Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
IncomeTaxReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary
-8600000
CY2016 us-gaap Income Tax Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
IncomeTaxReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary
-3513000
CY2015 us-gaap Income Tax Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
IncomeTaxReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary
-12909000
CY2017 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-1885000
CY2016 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-13295000
CY2015 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-7356000
CY2017 pgre Taxable Income Loss
TaxableIncomeLoss
53813000
CY2016 pgre Taxable Income Loss
TaxableIncomeLoss
23112000
CY2015 pgre Taxable Income Loss
TaxableIncomeLoss
7357000
CY2017 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.380
CY2016 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.380
CY2015 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.324
CY2017 pgre Percentage Of Return Of Capital
PercentageOfReturnOfCapital
0.487
CY2016 pgre Percentage Of Return Of Capital
PercentageOfReturnOfCapital
0.718
CY2015 pgre Percentage Of Return Of Capital
PercentageOfReturnOfCapital
0.892
CY2017 pgre Percentage Of Ordinary Income
PercentageOfOrdinaryIncome
0.513
CY2016 pgre Percentage Of Ordinary Income
PercentageOfOrdinaryIncome
0.282
CY2015 pgre Percentage Of Ordinary Income
PercentageOfOrdinaryIncome
0.108
CY2017 pgre Percentage Of Dividend Distribution
PercentageOfDividendDistribution
1.000
CY2016 pgre Percentage Of Dividend Distribution
PercentageOfDividendDistribution
1.000
CY2015 pgre Percentage Of Dividend Distribution
PercentageOfDividendDistribution
1.000
CY2017Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.095
CY2016Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.095
CY2017 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2017Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Land
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand
141097000
CY2017Q4 pgre Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Buildings And Improvements
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildingsAndImprovements
343819000
CY2017Q4 pgre Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed In Place Lease Intangible Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInPlaceLeaseIntangibleAssets
27965000
CY2017Q4 pgre Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Above Market Lease Intangible Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAboveMarketLeaseIntangibleAssets
2976000
CY2017Q4 pgre Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Accounts Receivable And Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAccountsReceivableAndOtherAssets
1338000
CY2017Q4 pgre Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Below Market Lease Intangible Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBelowMarketLeaseIntangibleLiabilities
11472000
CY2017Q4 pgre Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Accounts Payable And Other Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAccountsPayableAndOtherLiabilities
6532000
CY2017Q4 pgre Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Notes And Mortgages Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNotesAndMortgagesPayable
228000000
CY2017Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
271191000
CY2016Q2 us-gaap Investment Company Committed Capital
InvestmentCompanyCommittedCapital
775200000
CY2017Q4 us-gaap Alternative Investments Fair Value Disclosure
AlternativeInvestmentsFairValueDisclosure
369950000
CY2017 pgre Investment Maturity Date Range Start
InvestmentMaturityDateRangeStart
2018-10
CY2017 pgre Investment Maturity Date Range End
InvestmentMaturityDateRangeEnd
2027-12
CY2017 pgre Investment Period End Date
InvestmentPeriodEndDate
2019-04
CY2017 pgre Investment Extended Period End Date
InvestmentExtendedPeriodEndDate
2020-04
CY2017Q4 pgre Ownership Percentage In Investment Funds
OwnershipPercentageInInvestmentFunds
0.013
CY2017Q4 pgre Equity Method Investment Summarized Financial Information Real Estate Investments
EquityMethodInvestmentSummarizedFinancialInformationRealEstateInvestments
405931000
CY2017 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
6449000
CY2016 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
10977000
CY2016Q4 us-gaap Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
551834000
CY2017 pgre Lease Termination Income
LeaseTerminationIncome
2189000
CY2017 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
11265000
CY2016Q4 pgre Equity Method Investment Summarized Financial Information Real Estate Investments
EquityMethodInvestmentSummarizedFinancialInformationRealEstateInvestments
639609000
CY2017Q4 pgre Equity Method Investment Summarized Financial Information Cash And Cash Equivalents
EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalents
5076000
CY2016Q4 pgre Equity Method Investment Summarized Financial Information Cash And Cash Equivalents
EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalents
7608000
CY2017Q4 pgre Equity Method Investment Summarized Financial Information Other Assets
EquityMethodInvestmentSummarizedFinancialInformationOtherAssets
74000
CY2016Q4 pgre Equity Method Investment Summarized Financial Information Other Assets
EquityMethodInvestmentSummarizedFinancialInformationOtherAssets
152000
CY2017Q4 us-gaap Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
411081000
CY2016Q4 us-gaap Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
647369000
CY2017Q4 pgre Equity Method Investment Summarized Financial Information Other Liabilities
EquityMethodInvestmentSummarizedFinancialInformationOtherLiabilities
1308000
CY2016Q4 pgre Equity Method Investment Summarized Financial Information Other Liabilities
EquityMethodInvestmentSummarizedFinancialInformationOtherLiabilities
1931000
CY2017Q4 us-gaap Equity Method Investment Summarized Financial Information Liabilities
EquityMethodInvestmentSummarizedFinancialInformationLiabilities
1308000
CY2016Q4 us-gaap Equity Method Investment Summarized Financial Information Liabilities
EquityMethodInvestmentSummarizedFinancialInformationLiabilities
1931000
CY2017Q4 us-gaap Equity Method Investment Summarized Financial Information Equity
EquityMethodInvestmentSummarizedFinancialInformationEquity
409773000
CY2016Q4 us-gaap Equity Method Investment Summarized Financial Information Equity
EquityMethodInvestmentSummarizedFinancialInformationEquity
645438000
CY2017Q4 us-gaap Equity Method Investment Summarized Financial Information Liabilities And Equity
EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity
411081000
CY2016Q4 us-gaap Equity Method Investment Summarized Financial Information Liabilities And Equity
EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity
647369000
CY2017 pgre Equity Method Investment Summarized Financial Information Investment Income
EquityMethodInvestmentSummarizedFinancialInformationInvestmentIncome
29013000
CY2016 pgre Equity Method Investment Summarized Financial Information Investment Income
EquityMethodInvestmentSummarizedFinancialInformationInvestmentIncome
20484000
CY2017 pgre Equity Method Investment Summarized Financial Information Investment Expenses
EquityMethodInvestmentSummarizedFinancialInformationInvestmentExpenses
7086000
CY2016 pgre Equity Method Investment Summarized Financial Information Investment Expenses
EquityMethodInvestmentSummarizedFinancialInformationInvestmentExpenses
7466000
CY2017 pgre Equity Method Investment Summarized Financial Information Investment Income Loss Net
EquityMethodInvestmentSummarizedFinancialInformationInvestmentIncomeLossNet
21927000
CY2016 pgre Equity Method Investment Summarized Financial Information Investment Income Loss Net
EquityMethodInvestmentSummarizedFinancialInformationInvestmentIncomeLossNet
13018000
CY2017 pgre Equity Method Investment Summarized Financial Information Realized Gain Losses Net
EquityMethodInvestmentSummarizedFinancialInformationRealizedGainLossesNet
-72134000
CY2017 pgre Equity Method Investment Summarized Financial Information Previously Recorded Unrealized Gain Losses Net
EquityMethodInvestmentSummarizedFinancialInformationPreviouslyRecordedUnrealizedGainLossesNet
35682000
CY2017 pgre Equity Method Investment Summarized Financial Information Unrealized Gain Losses Net
EquityMethodInvestmentSummarizedFinancialInformationUnrealizedGainLossesNet
-6266000
CY2016 pgre Equity Method Investment Summarized Financial Information Unrealized Gain Losses Net
EquityMethodInvestmentSummarizedFinancialInformationUnrealizedGainLossesNet
14275000
CY2017 pgre Equity Method Investment Summarized Financial Information Income Loss From Real Estate Fund Investments
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromRealEstateFundInvestments
-20791000
CY2016 pgre Equity Method Investment Summarized Financial Information Income Loss From Real Estate Fund Investments
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromRealEstateFundInvestments
27293000
CY2015 pgre Income Loss From Real Estate Fund
IncomeLossFromRealEstateFund
37975000
CY2015 pgre Non Controlling Interest In Income Loss From Real Estate Fund
NonControllingInterestInIncomeLossFromRealEstateFund
24896000
CY2015 us-gaap Net Income Loss From Real Estate Investment Partnership Attributable To Parent
NetIncomeLossFromRealEstateInvestmentPartnershipAttributableToParent
13079000
CY2017Q4 pgre Preferred Equity Ownership Percentage
PreferredEquityOwnershipPercentage
0.244
CY2017Q4 pgre Preferred Equity Investment Gross
PreferredEquityInvestmentGross
55405000
CY2016Q4 pgre Preferred Equity Investment Gross
PreferredEquityInvestmentGross
55051000
CY2017Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
553063000
CY2016Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
579066000
CY2017Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
205101000
CY2016Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
208367000
CY2017Q4 pgre Below Market Lease Amortization Income Net Of Above Market Lease Amortization Next Twelve Months
BelowMarketLeaseAmortizationIncomeNetOfAboveMarketLeaseAmortizationNextTwelveMonths
16803000
CY2017Q4 pgre Below Market Lease Amortization Income Net Of Above Market Lease Amortization Year Two
BelowMarketLeaseAmortizationIncomeNetOfAboveMarketLeaseAmortizationYearTwo
13965000
CY2017Q4 pgre Below Market Lease Amortization Income Net Of Above Market Lease Amortization Year Three
BelowMarketLeaseAmortizationIncomeNetOfAboveMarketLeaseAmortizationYearThree
8660000
CY2017Q4 pgre Below Market Lease Amortization Income Net Of Above Market Lease Amortization Year Four
BelowMarketLeaseAmortizationIncomeNetOfAboveMarketLeaseAmortizationYearFour
4404000
CY2017Q4 pgre Below Market Lease Amortization Income Net Of Above Market Lease Amortization Year Five
BelowMarketLeaseAmortizationIncomeNetOfAboveMarketLeaseAmortizationYearFive
1006000
CY2017Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.0361
CY2017Q4 us-gaap Notes And Loans Payable
NotesAndLoansPayable
3583100000
CY2016Q4 us-gaap Notes And Loans Payable
NotesAndLoansPayable
3408179000
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1052000
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
4304000
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1072644000
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1030100000
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
1475000000
CY2017Q4 us-gaap Derivative Number Of Instruments Held
DerivativeNumberOfInstrumentsHeld
0
CY2017 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
3110000
CY2016 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
-2774000
CY2015 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
-8501000
CY2016Q4 us-gaap Interest Rate Derivative Liabilities At Fair Value
InterestRateDerivativeLiabilitiesAtFairValue
22446000
CY2017 us-gaap Common Stock Conversion Basis
CommonStockConversionBasis
one-for-one
CY2017Q4 us-gaap Interest Rate Derivative Assets At Fair Value
InterestRateDerivativeAssetsAtFairValue
9855000
CY2017Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
38894000
CY2017Q4 us-gaap Interest Rate Derivative Liabilities At Fair Value
InterestRateDerivativeLiabilitiesAtFairValue
317000
CY2017Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
317000
CY2015 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
1070000
CY2016Q4 us-gaap Interest Rate Derivative Assets At Fair Value
InterestRateDerivativeAssetsAtFairValue
139000
CY2016Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
22532000
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
589949000
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
606003000
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
575990000
CY2015 us-gaap Interest And Other Income
InterestAndOtherIncome
674000
CY2015 pgre Investment Income Loss On Investments In Deferred Compensation Plan
InvestmentIncomeLossOnInvestmentsInDeferredCompensationPlan
197000
CY2017Q4 us-gaap Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
390231000
CY2016 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
14296000
CY2017 pgre Preferred Equity Investment Income
PreferredEquityInvestmentIncome
4187000
CY2016 pgre Preferred Equity Investment Income
PreferredEquityInvestmentIncome
5716000
CY2016 us-gaap Interest And Other Income
InterestAndOtherIncome
774000
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P7Y7M6D
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P7Y0M0D
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
217464
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
208330
CY2017Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
86985
CY2017 pgre Earnings Loss Allocated To Unvested Participating Securities Basic And Diluted
EarningsLossAllocatedToUnvestedParticipatingSecuritiesBasicAndDiluted
98000
CY2016 pgre Earnings Loss Allocated To Unvested Participating Securities Basic And Diluted
EarningsLossAllocatedToUnvestedParticipatingSecuritiesBasicAndDiluted
37000
CY2017 pgre Numerator For Income Loss Per Common Share Basic And Diluted
NumeratorForIncomeLossPerCommonShareBasicAndDiluted
86283000
CY2016 pgre Numerator For Income Loss Per Common Share Basic And Diluted
NumeratorForIncomeLossPerCommonShareBasicAndDiluted
-9971000
CY2015 pgre Numerator For Income Loss Per Common Share Basic And Diluted
NumeratorForIncomeLossPerCommonShareBasicAndDiluted
-4419000
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
29000
CY2017 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.37
CY2016 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.05
CY2015 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.02
CY2017 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
30848000
CY2016 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
48113000
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
511003000
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
467944000
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
2615260000
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
5366149000
CY2017 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
6336000
CY2016 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
5948000
CY2015 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
5763000
CY2017 us-gaap Asset Management Fees1
AssetManagementFees1
8581000
CY2016 us-gaap Asset Management Fees1
AssetManagementFees1
7754000
CY2017 pgre Acquisition And Disposition Fees
AcquisitionAndDispositionFees
7770000
CY2016 pgre Acquisition And Disposition Fees
AcquisitionAndDispositionFees
2026000
CY2015 pgre Acquisition And Disposition Fees
AcquisitionAndDispositionFees
1760000
CY2017 pgre Other Fees
OtherFees
1525000
CY2016 pgre Other Fees
OtherFees
1203000
CY2015 pgre Other Fees
OtherFees
2725000
CY2017 us-gaap Management Fees Revenue
ManagementFeesRevenue
24212000
CY2016 us-gaap Management Fees Revenue
ManagementFeesRevenue
16931000
CY2015 us-gaap Management Fees Revenue
ManagementFeesRevenue
10248000
CY2016 pgre Lease Termination Income
LeaseTerminationIncome
17010000
CY2015 pgre Lease Termination Income
LeaseTerminationIncome
871000
CY2015 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
13874000
CY2017 us-gaap Interest And Other Income
InterestAndOtherIncome
1256000
CY2017 pgre Investment Income Loss On Investments In Deferred Compensation Plan
InvestmentIncomeLossOnInvestmentsInDeferredCompensationPlan
5114000
CY2016 pgre Investment Income Loss On Investments In Deferred Compensation Plan
InvestmentIncomeLossOnInvestmentsInDeferredCompensationPlan
444000
CY2017 pgre Interest And Debt Costs Including Capitalized Interest Excluding Amortization Of Financing Costs
InterestAndDebtCostsIncludingCapitalizedInterestExcludingAmortizationOfFinancingCosts
132574000
CY2016 pgre Interest And Debt Costs Including Capitalized Interest Excluding Amortization Of Financing Costs
InterestAndDebtCostsIncludingCapitalizedInterestExcludingAmortizationOfFinancingCosts
146334000
CY2015 pgre Interest And Debt Costs Including Capitalized Interest Excluding Amortization Of Financing Costs
InterestAndDebtCostsIncludingCapitalizedInterestExcludingAmortizationOfFinancingCosts
165801000
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
15922000
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
11278000
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
7000000
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.02
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.40
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.44
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
17.34
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
16.81
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
17.50
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
17.20
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
17.20
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
17.48
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y7M6D
CY2015 pgre Property Related Revenues
PropertyRelatedRevenues
652160000
CY2015 pgre Net Operating Income From Equity Method Investments
NetOperatingIncomeFromEquityMethodInvestments
16580000
CY2015 pgre Net Operating Income
NetOperatingIncome
423986000
CY2015Q4 us-gaap Assets
Assets
8794143000
CY2016Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
202000
CY2016 pgre Net Operating Income From Equity Method Investments
NetOperatingIncomeFromEquityMethodInvestments
17195000
CY2016 pgre Net Operating Income
NetOperatingIncome
433565000
CY2015 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
53281000
CY2017Q4 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
180257000
CY2017Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
179770000
CY2017Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
177704000
CY2017Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
181236000
CY2016Q4 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
166802000
CY2016Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
171318000
CY2016Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
172303000
CY2016Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
172918000
CY2017Q4 us-gaap Net Income Loss
NetIncomeLoss
-6793000
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
-10214000
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
103016000
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
372000
CY2016Q4 us-gaap Net Income Loss
NetIncomeLoss
-6489000
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
-139000
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
3188000
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
-6494000
CY2017Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.04
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.44
CY2017Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.00
CY2016Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.00
CY2016Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2016Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
CY2017Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.03
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.04
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.44
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
CY2016Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.03
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2016Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.03
CY2017 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
197000
CY2016 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
139000
CY2015 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
136000
CY2017 pgre Property Related Revenues
PropertyRelatedRevenues
694755000
CY2017 pgre Net Operating Income From Equity Method Investments
NetOperatingIncomeFromEquityMethodInvestments
19643000
CY2017 pgre Net Operating Income
NetOperatingIncome
448262000
CY2016 pgre Property Related Revenues
PropertyRelatedRevenues
666410000
CY2017 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
19711000
CY2017 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
48000
CY2017Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
19865000
CY2017Q4 us-gaap Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
3583100000
CY2017Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
2209506000
CY2017Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
5823744000
CY2017Q4 us-gaap Sec Schedule Iii Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Buildings And Improvements
SECScheduleIIIRealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionBuildingsAndImprovements
296225000
CY2017Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
2209506000
CY2017Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
6119969000
CY2017Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
8329475000
CY2017Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
487945000
CY2017Q4 pgre Sec Schedule Iii Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Buildings And Improvements Other
SECScheduleIIIRealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionBuildingsAndImprovementsOther
3528000
CY2017Q4 pgre Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements Other
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovementsOther
3528000
CY2017Q4 pgre Real Estate Gross At Carrying Value Other
RealEstateGrossAtCarryingValueOther
3528000
CY2017 pgre Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense Other
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpenseOther
719000
CY2017 pgre Real Estate And Accumulated Depreciation Date Acquired Other
RealEstateAndAccumulatedDepreciationDateAcquiredOther
2014-11-24
CY2017Q4 pgre Net Basis Difference Of Assets And Liabilities Between Tax Basis And Gaap Basis
NetBasisDifferenceOfAssetsAndLiabilitiesBetweenTaxBasisAndGaapBasis
1600000000
CY2016Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
7849093000
CY2015Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
7652117000
CY2014Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
7530239000
CY2017 pgre Real Estate Acquisitions
RealEstateAcquisitions
484916000
CY2016 pgre Real Estate Acquisitions
RealEstateAcquisitions
504684000
CY2017 us-gaap Real Estate Improvements
RealEstateImprovements
82862000
CY2016 us-gaap Real Estate Improvements
RealEstateImprovements
116038000
CY2015 us-gaap Real Estate Improvements
RealEstateImprovements
123277000
CY2016 pgre Real Estate Cost Of Real Estate Held For Sale
RealEstateCostOfRealEstateHeldForSale
412315000
CY2017 pgre Real Estate Cost Of Real Estate Sold And Written Off
RealEstateCostOfRealEstateSoldAndWrittenOff
87396000
CY2016 pgre Real Estate Cost Of Real Estate Sold And Written Off
RealEstateCostOfRealEstateSoldAndWrittenOff
11431000
CY2015 pgre Real Estate Cost Of Real Estate Sold And Written Off
RealEstateCostOfRealEstateSoldAndWrittenOff
1399000
CY2016Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
318161000
CY2015Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
243089000
CY2014Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
81050000
CY2017 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
182732000
CY2016 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
168847000
CY2015 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
163438000
CY2016 pgre Real Estate Accumulated Depreciation Assets Held For Sale
RealEstateAccumulatedDepreciationAssetsHeldForSale
82344000
CY2017 pgre Real Estate Accumulated Depreciation Real Estate Sold And Written Off
RealEstateAccumulatedDepreciationRealEstateSoldAndWrittenOff
12948000
CY2016 pgre Real Estate Accumulated Depreciation Real Estate Sold And Written Off
RealEstateAccumulatedDepreciationRealEstateSoldAndWrittenOff
11431000
CY2015 pgre Real Estate Accumulated Depreciation Real Estate Sold And Written Off
RealEstateAccumulatedDepreciationRealEstateSoldAndWrittenOff
1399000

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